FINANCE

Genesco Warns of Same-Store Sales Declines

BY CSA STAFF

Nashville, Tenn. Shoe and hat seller Genesco Inc. said Tuesday that 4Q same-store sales are likely to come in at the lower end of its prior forecast for a decline of 1% to 4%.

For the quarter to date ended Jan. 10, same-store sales were off 4%, with Underground Station Group results down 12% and Johnston & Murphy Group reporting a 16% decline.

The company expects to report its quarterly results and those for fiscal 2009 on March 5.

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Giant Food names East region ops head

BY CSA STAFF

CARLISLE, Pa. Doug Sternberger has been named director of operations and merchandising in the East region for Giant Food Stores.

Sternberger joined Giant in 1980 and most recently served as grocery specialist for the East Region.

 

 

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FTC seeks end to Whole Foods, Wild Oats integration

BY CSA STAFF

WASHINGTON The Federal Trade Commission continued its battle with Whole Foods over its acquisition of Wild Oats, asking the U.S. District Court for the District of Columbia to be a stop to all integration activities and to have the acquired stores rebranded as Wild Oats, with an independent management team to supervise them.

“The FTC believes that this preliminary injunctive relief is necessary and reasonable to preserve interim competition and maintain the commission’s ability to fashion an effective remedy should it be warranted,” the FTC said in its filing.

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